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What is the Current Demand for Data Scientists?

Data Science has spread throughout the technological world rapidly and is set to become the most popular and most well-known field of computer science within the next 5 years.<br>The job of a data scientist comes in the higher echelon of career paths as far as the pay scale is concerned.

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What is the Current Demand for Data Scientists?

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  1. What is the Current Demand for Data Scientists?

  2. Data Science has spread throughout the technological world rapidly and is set to become the most popular and most well-known field of computer science within the next 5 years.

  3. First, we should understand what is data science and what is it's job entails. Data science simply is the art of extracting patterns from data. Data scientists collect data and store them into massive data sets. They then carry out analysis of that data using sophisticated tools and advanced computer science algorithms. In the data science courseof doing that, several patterns are revealed in the data.

  4. Reasons for the high demand for data scientists What is the Current Demand for Data Scientists?

  5. Companies lack the know-how of how to organize their data Businesses and organizations started converting all their data into electronic format and storing it in data centers. While this has created huge piles of data which the companies are aware can be turned into a valuable asset, they lack the technical expertise to do so. This is why companies are seeking out data scientists so actively

  6. 2. Acute shortage of knowledgeable professionals - While the tools and technologies to drive innovation to exist, there is a shortage of skilled data scientists who can carry out data analytics and understand and use big data.

  7. 3. Very lucrative career paths - The job of a data scientist comes in the higher echelon of career paths as far as the pay scale is concerned. An average data scientist earns a salary of $92000 per annum. With experience, this can go up to as much as $120,000 per annum.

  8. 4. Broadening avenue of opportunities for data scientists - The scope for data scientists getting hired has expanded widely. All kinds of businesses and organizations are looking to hire data scientists for their big data needs including startups and small to mid-sized companies.

  9. 5. Low barrier of entry - Data science is a very new and fresh field. So there are not many incumbent organizations and the field of opportunities for getting hired is open to everyone.

  10. Thanks!

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